Aeva and InterPrivate Acquisition Corp. Announce Closing of Business Combination; Aeva to Trade on NYSE as “AEVA” Beginning On March 15

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Aeva, Inc. (“Aeva” or the “Company”), a leader in next generation 4D LiDAR sensing and perception systems, announced today that it has completed its previously announced business combination with InterPrivate Acquisition Corp. (NYSE: IPV) (“InterPrivate”), a special purpose acquisition company. The transaction, which was approved by InterPrivate’s stockholders in a special meeting […]

Ouster to Begin Trading on the New York Stock Exchange Today Under Ticker Symbol “OUST”

Company Formalizes Full Board of Directors SAN FRANCISCO–(BUSINESS WIRE)–Ouster, Inc. (“Ouster”) a leading provider of high-resolution digital lidar sensors for the industrial automation, smart infrastructure, robotics, and automotive industries, today announced that its common stock will begin trading on the New York Stock Exchange under the symbol “OUST”. Angus Pacala, CEO and co-founder of Ouster, […]

Holley, the Largest Performance Automotive Aftermarket Platform, to Become Public Company

Holley and Special Purpose Acquisition Company Empower Ltd. (NYSE: EMPW) to Merge Transaction financed through $250 million of cash held in Empower’s trust account, a $50 million Forward Purchase Agreement from MidOcean Fund V, and a $240 million PIPE, which includes investments by Wells Capital Management, Inc. and Wasatch Global Investors Transaction Values Holley at […]

Ready, Set, Rebates: SGI to pay out $285 million in one-time rebates to Sask. drivers

Regina, Saskatchewan ⁠— Saskatchewan Government Insurance (SGI) will be issuing rebate cheques totalling $285 million to eligible drivers in the coming months The rebates come from SGI’s rate stabilization fund, which “help keep rates low and protect customers from wild rate fluctuations in the event of a sudden onset of claims,” said Tyler McMurchy, SGI’s […]

Quick-Paced Paints: AkzoNobel extends partnership with McLaren Racing

Nashville, Tennessee — McLaren Racing’s 2021 Formula 1 car will feature AkzoNobel’s high-performance coatings in an extension to the partnership established in 2008. As McLaren Racing’s Official Paints and Coatings Partner, AkzoNobel is providing its Sikkens vehicle refinish products for all painted parts of the MCL35M, as well as the team’s transport, garage and accessories. […]

EV/AV Report: March 15, 2021

Toronto, Ontario ⁠— This week, Quebec-based battery recycler Lithion joins forces with an OEM, Saskatoon inches closer to electrifying its city fleet and Canadian Tire unveils endeavours in the world of autonomous trucks. Hyundai battery boost Hyundai Canada and Quebec-based battery recycler  Lithion Recycling have announced a service agreement to increase the OEM’s sustainable production […]

The Automation Era: CIECA to host webinar on claims and appraisal experience

Toronto, Ontario — The Collision Industry Electronic Commerce Association (CIECA) announced that its next CIECAST webinar is scheduled for Thursday, March 25 at 2 p.m. ET: How Claims Automation is Transforming the Appraisal Experience. The one-hour live broadcast will feature three presenters from CIECA member companies. They include Olivier Baudoux, Mitchell International; Jimmy Spears, Tractable; […]